Tag Archives: FTSE

GVC Holdings secures £1.4 billion debt syndication for Ladbrokes Coral takeover

Issuing a market update, FTSE-listed online gambling group GVC Holdings has detailed that it has launched a ‘general syndication’ for its intended debt-financed takeover of Ladbrokes Coral Plc. Pursuing the larger FTSE100 Ladbrokes Coral enterprise, GVC governance has secured a syndicated ‘Lien Term B’ debt-bond valued at £1.4 billion (comprising £, € and US$ tranches). Furthermore, through the restructured debt …

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New look William Hill leadership confident of delivering successful ‘next chapter’

William Hill’s new leadership team is confident of delivering the FTSE bookmaker’s ‘next chapter’ having closed a group-wide transformative 2017. The bookmaker’s £238 million impairment charge on the value of its Australian business, dominated industry headlines last week, as William Hill Chief Executive Philip Bowcock presented full-year 2017 results. Despite the Australian downturn, Bowcock details to investors that William Hill has undertaken …

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Diversified Playtech posts 2017 growth despite facing end of year turbulence

Publishing its full-year 2017 results (period ending 30 December) FTSE250 gambling technology supplier Playtech Plc has delivered metric growth in-line with corporate expectations, despite facing headwinds in both its regulated and unregulated operations. The industry technology provider reports full-year 2017 group revenues of €807 million, up 14% on corresponding FY 2016’s €708 million. Closing its 2017 accounts, Playtech governance declares …

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GVC publishes ‘Ladbrokes Coral Prospectus’ confident of delivering a true global player

The governance of GVC Holdings has today released its ‘combined prospectus’ relating to its £4 billion takeover deal of Ladbrokes Coral Plc. The deal which enters its final stages has been approved by Ladbrokes Coral governance and is set to be reviewed by the UK Competitions & Markets Authority (CMA), which this week set a 21 February deadline for industry comment. …

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GVC Holdings prepares for €187 million tax battle

FTSE online gambling group GVC Holdings has confirmed that it will move to appeal its recently sanctioned ‘tax audit assessment’ by the Greek Audit Centre for Large Enterprises. Updating the market, GVC reveals that it has been charged with a tax assessment of €187 million for its Greek subsidiary’s performance for the audit periods of 2010 and 2011. During the …

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Norbert Teufelberger departs GVC Holdings governance

Issuing a market update, FTSE-listed online gambling group GVC Holdings has confirmed that former party.bwin Entertainment Chief Executive Norbert Teufelberger has stepped down from his duties as a company Non-Executive Director. Teufelberger had been appointed a GVC Holdings governance member, following the company’s 2016 £1 billion outright acquisition of bwin.party Entertainment. Updating stakeholders, GVC announced that Teufelberger had finished his …

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Ladbrokes Coral targets Q1 closure for GVC Holdings proposition

Issuing a market update, Ladbrokes Coral governance has detailed that it will move to publish a ‘scheme document’ detailing full information on GVC Holdings £4 billion takeover deal (first announced 7 December). The document which aims to be published by early/mid-February will further inform stakeholders on the deals legal proceedings (Court Meeting) and notices convening at Ladbrokes Coral General Meeting. …

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Tough regulatory terrain sees William Hill review Australia business

FTSE bookmaker William Hill has this morning confirmed, that it is undertaking a strategic review of its Australian business, following new government regulations on credit betting and the likely introduction of further state taxes imposed on betting firms. Presenting its ‘unaudited 52-week trading statement’ (period ending 26 December), William Hill governance detailed strong 2017 progress, with the company expected to …

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William Hill to act as FTSE Pacemaker as industry enters crucial 2018

City eyes eagerly await the publication of FTSE bookmaker William Hill Plc’s Q4 2017 trading update on Thursday 18 January. The first of the UK legacy bookmakers to publish its closing 2017 statement, City analysts expect a strong trading update from William Hill, following favourable Premier League results recorded during the Christmas period. The FTSE bookmaker is expected to be …

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Peter Jackson makes first moves as Paddy Power Betfair CEO

Having taken over the official leadership duties of Paddy Power Betfair (PPB) this week, new Chief Executive Peter Jackson has announced two major executive appointments for the FTSE100 bookmaker. Issuing a short statement, PPB governance confirmed the promotion of Dan Taylor to the newly created role of Chief Executive of Europe. A Paddy Power executive since 2015, Taylor has previously …

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